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Guantao Law Firm advises Rizhiyi complete Series C financing 

Beijing Youtejie Information Technology Co., Ltd. (“Rizhiyi”) recently completed its Series C financing. The investor is Hubble Technology Venture Capital, a well-known institution focusing on investments in technology, information technology application innovation, and ecological development. 

Rizhiyi was founded in 2014 and was selected as the national “little giant” firm by Ministry of Industry and Information Technology in 2021. Rizhiyi led the log analysis market by developing China’s first log search engine Beaver and Search Processing Language. It launched a leading platform for log management and analysis – Rizhiyi Smart Log Center, which provides one-stop solutions covering data collection, cleaning, storage, search, analysis and visualization. 

Guantao Law Firm advised Rizhiyi on this project. Attorney YAN Hailing, partner of the firm, was in charge of this project and provided legal service throughout the process. The service included drafting, reviewing, and modifying documents related to the transaction, participating in negotiations, and finalizing the documents. It is worth noting that Guantao Law Firm had also worked for Rizhiyi in its previous financing projects, in which Sequoia Capital China injected 60 million yuan in the Series A financing, and Danhua Capital China, China Grand Prosperity Investment and Sequoia Capital China jointly invested 80 million yuan in the Series B financing.